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152 Essex Ave
Score
78
Glen Ridge, NJ

152 Essex Ave

929K
4 bd • 3 ba • sf

Educational Use Only — NOT professional advice. See terms

AI Property Analysis

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Property Overview

List Price
$929,000
+15%vs 07028
Price/Sq.Ft
$929,000
+151697%vs 07028

Price Analysis

How the list price compares to AI estimate

within range

List Price

$929,000

$890k
$940k
AI Estimated Range
$929,000
-20% Below+20% Above

AI estimates this property's value between $890,000 - $940,000 based on comparable sales and condition (Confidence: 82%). Educational analysis only, not a professional appraisal or valuation.

Market Data Points

4 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

Offer Analysis

AI-generated starting point for educational purposes

Data Coverage: High

AI Suggested Starting Point

$905,000

Lands near the middle of recent sale outcomes observed between $890,000 and $940,000.

How This Was Calculated

Considering the property's condition, needed repairs, and market cooldown, an offer of $905,000 is strategic. It reflects fair value while accounting for repair costs and potential seller motivation.

AI-generated educational analysis. Not professional advice, an appraisal, or a recommended offer. Consult licensed agents and attorneys for negotiation strategies.

AI Analysis Score
78
80
Home Condition
79
Natural Light
80
Market Data
72
Location

*AI scoring for educational purposes only. Scores are subjective and not professional evaluations. Consult licensed professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Small windows in laundry room
Small windows in laundry room

Small windows in laundry room

The laundry room has small windows that provide limited natural light, making the space feel cramped and less inviting.

Dated vanity and sink in laundry room
Dated vanity and sink in laundry room

Dated vanity and sink in laundry room

The laundry room has a dated vanity and sink. The cabinet finish appears worn, and the overall style is not consistent with modern design trends.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jun
2024
$1,150,000Financed
June 17, 2024
From:Florent S Ferere, Vy N Ferere
To:Andre W Nerney, Tiego Cornaglia
Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$929,000
-30%List: $929,000+30%
20%
$185,800of $929,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$247,550
Closing Costs
+$61,750
Down Payment
$185,800
Buyer Agent Fee
$23,690
Loan Fees
$7,432
Title & Escrow
$5,574
Inspections
$900
Transfer Tax
$10,219
Prepaid Expenses
$13,935

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
0 days
vs 12 day average
This is a new listing, while homes in this area typically sell in 12 days
Inventory Health
10
homes for sale
5 homes sold last month, indicating 2.0x more supply than demand
Price Dynamics
114.5%
of asking price
Homes typically sell for 14.5% above asking price

*Market analysis for educational purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$965,000
Current median price
+39.3%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests decline
Prices are down 8.1% over the last 3 months
3 Months
-8.1%
6 Months
-11.3%
1 Year
+39.3%

Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 58.8% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$965,000
3 Months Ago
$612,657
+57.5%

Schools

Nearby school quality by education level

Middle

8.0/10
Excellent

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Thoroughly inspect the basement for any signs of water intrusion, including stains, efflorescence (white powdery deposits), or musty odors.

Inspect the attic (if accessible) for proper insulation, ventilation, and any signs of leaks or water damage.

Examine the electrical panel for any signs of corrosion, loose wiring, or outdated components.

Check the function of the carbon monoxide detectors.

Check the HVAC system (both units) for age, condition, and proper operation. Note the brand and model number for future reference.

Educational Questions

Sample questions for educational purposes

Can you provide documentation for the 'newer' multi-zone HVAC system, including the installation date and warranty information?

Are there any known issues with the roof, and when was it last inspected?

Has there been any remediation done on the property for mold, asbestos, or lead paint?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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